On October 10, the Verkhovna Rada of Ukraine adopted the Law “On peculiarities of investment activities on the territory of the Autonomous Republic of Crimea”. The bill aimed on public relationships in investment activity sphere on the territory of the Autonomous Republic of Crimea, it also establishes peculiarities of investment activity on the territory of the Autonomous Republic of Crimea as an integral part of Ukraine.

 

The bill stipulated that investment activity on the territory of the Autonomous Republic of Crimea is carried out the principles of: protection of rights and interests of investors; noninvolvement of government authorities, executive authorities of the Autonomous Republic of Crimea and local self-government authorities except cases when such involvement is stipulated by law; equality of investors; proper use of investments.

 

It is significant that due to this bill several amendments should be adopt to the Land Codex of Ukraine, laws "On investments activity", "On licensing of certain types of economic activity", "On tourism".

 

Svetlana Verba, the Minister of Economic Development and Trade of the Autonomous Republic of Crimea, noted that this bill will promote investment attraction and further sustainable economic and social development of the autonomy.